Ambuja Cements’ Q2 net profit declines 11%

Ambuja Cements has reported results for its second quarter, ended June 30, 2011.

The company’s net profit for the quarter slipped by 11.17% at Rs 347.50 crore as compared to Rs 391.21 crore for the same quarter last year. Its total income increased by 6.19% to Rs 2245.22 crore for the quarter under review from Rs 2114.30 crore for the corresponding quarter of the previous year.

Ambuja Cements has approved payment of interim dividend of 70% on equity shares of the company i.e. Rs 1.40 per share.